WEX Expects Q3 Revenue Of $688M - $698M (Est $705.96M) And Adjusted EPS Of $4.42 - $4.52 (Est $4.45)
Portfolio Pulse from Benzinga Newsdesk
WEX Inc. has provided its Q3 revenue guidance, expecting between $688 million and $698 million, which is below the estimated $705.96 million. The company also anticipates adjusted EPS to be in the range of $4.42 to $4.52, close to the estimated $4.45.
July 25, 2024 | 10:44 am
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WEX Inc. has issued Q3 revenue guidance of $688M - $698M, which is below the market estimate of $705.96M. The adjusted EPS guidance of $4.42 - $4.52 is close to the estimated $4.45.
The revenue guidance being below market expectations is likely to have a negative impact on WEX's stock price in the short term. However, the adjusted EPS guidance being close to estimates may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100